Juan wants to start his own business.He would be most likely to favour organizing his new company as a sole proprietorship if he:
A)expects rapid growth and wants to be able to raise a large sum of money.
B)wants to make it easy to attract qualified employees.
C)has a strong desire to be his own boss.
D)wants to minimize the financial risk he must accept as the owner of a business.

Question

Quizplus · Accepted Answer

Juan wants to be his own boss, which is one of the benefits of organizing as a sole proprietorship. The other options, such as raising a large sum of money or minimizing financial risk, may not be as easily achieved through a sole proprietorship. Attracting qualified employees may also be more difficult as a sole proprietorship, as there may be limited opportunities for growth or advancement.

Juan Wants to Start His Own Business